economics

When workers have a union; the supply of labour is said to be?

A. monopolistic B. oligopolistic C. monopsonistic D. competitive Correct Answer: Option A - monopolistic Explanation The word 'Monopolistic' relates to…

4 years ago

The mobility of labour is mainly determined by?

A. the age of workers B. government policy C. trade unions D. wage rate differentials Correct Answer: Option D -…

4 years ago

Occupational distribution of population determines the?

A. size of a population available and willing to work B. population density of a place C. dependency ratio of…

4 years ago

High dependency ratio is influenced by?

A. high infant mortality rate B. the level of income C. high birth rate D. inadequate medical care for children…

4 years ago

Activities in the oil and gas industry are classified into?

A. oil exploration and distribution B. refining and marketing of finished products C. upstream and downstream D. exploration and drilling…

4 years ago

The current industrial development strategy in Nigeria is aimed at encouraging?

A. small-scale industries B. medium-scale industries C. small-and medium-scale industries D. medium-and large-scale industries Correct Answer: Option C - small-and…

4 years ago

Industries for consumer goods are concentrated in urban centers as a result of?

A. large market B. power supply C. government policy D. weather conditions Correct Answer: Option A - large market

4 years ago

In Nigeria; the location of a steel industry at Ajaokuta is due to?

A. the availability of transport network B. the proximity to a source of power C. the proximity to large deposits…

4 years ago

To enhance the competitiveness of domestic agricultural products; there is need to?

A. ban the importation of agricultural products B. increase the exportation of agricultural products C. improve the quality of domestic…

4 years ago

The marketing of agricultural products in Nigeria can be improved by?

A. a massive production of farm produce B. re-establishing the marketing boards C. establishing more agricultural banks D. processing of…

4 years ago